Insurance of HOAs Condos

[Marisa Alvarez]

I own condos which are part of different HOAs.

I see a lot of money goes into Insurance ( flood wind sink holes etc )

Some Small Associations around where I live (Tampa Bay - Florida ) have opted to go just with Liability Insurance and not the rest. Our Insurer says it is illegal and that we can be sued if we do so.

Is this right ?? 😳😳😳